Diminishing occupancy. Bold new use of space. Landlords with a habit of raising rents. LA’s central business district is on pace to become one of the most interesting arenas of all SoCal commercial real estate markets. And that, explains Tom McDonald, JLL’s Executive Vice President, spells opportunity for law firm tenants looking to optimize their real estate strategy.
For more information about these trends or JLL’s data center services, contact
Executive Vice President
Southern California Region
As of the end of 2015, Los Angeles’ venture capital funding totaled $2.17 billion and accounted for 5.4% of the total funding in the U.S. We continue to see local funding concentrated in and around Silicon Beach, with the lion’s share of the start-ups still located in Venice Beach and Santa Monica.
The data in this quarterly high-tech venture capital funding dashboard reflects 4th quarter data compiled by PricewaterhouseCoopers and illustrates the continued… Read More
In the recently released JLL’s 2015 United States Technology Office Outlook, it was noted that technology firms and startups aren’t just exploring new U.S. markets, they’re starting to plant roots. Over the past year, 73 percent of the sector’s office leases represented occupancy growth. According to the report, expansion for the technology industry in… Read More
As businesses continue to outsource their IT platforms, collocate and adopt cloud services, more are turning to third-party data center providers for their data center solutions. Because of this widespread shift, available space is tightening and pricing is firming up in many geographic markets.
How can your business successfully navigate the data center market? JLL’s 2015 Data Center Outlook examines current trends across North America and in 17 local metros, offering insights… Read More
High-tech investment volume continues to grow, totaling almost $1.2 billion year to date. Much of the funding concentration remains in the burgeoning neighborhoods of Silicon Beach. With $1.02 billion alone, Snapchat in Venice won the MVP award, totaling more than the next four zip codes combined. While Playa Vista has seen a wave… Read More
Renovated Building Will House Creative Office, Retail & Restaurant Space
The Georgetown Company, a leading developer and owner of commercial properties nationwide, is partnering with the Hearst Corporation to redevelop the landmark Herald Examiner Building into a dynamic property that will include a mix of creative office space, retail and restaurants. The unique… Read More
California ranked #1 in United States for manufacturing output
Recent legislation and technological evolution have sparked a renaissance within the manufacturing sector in California. It’s now ranked first in the United States for manufacturing jobs, numbers of firms and gross output—accounting for 11.4 percent of the total U.S. output in… Read More
Over the last five years, two dynamics have propelled growth in the data center industry: businesses outsourcing their IT infrastructure needs and the popularization of cloud computing. In response to these trends, the North American data center market is expected to see its revenue grow by 32 percent from 2014 to… Read More
JLL’s Craig Killman, West Coast retail lead, sat down with GlobeSt.com to discuss how several of our west coast markets compare to other core US markets. Killman says San Diego, West Orange County, West Los Angeles (mid-Wilshire to downtown) and the Bay Area are as strong as any other core market in the… Read More